The world is changing, and your business has to keep up. Having the agility to do so, however, is a challenge, especially for your high-end executives. Fractional Executives are an answer to the problem. But, how?
When you hire a Fractional Executive, you bring in a fresh voice, an external set of eyes, and different training, without anyone needing to feel threatened. It's not the same as consulting...consultants give advice, but their goal is to make you dependent on their advice. An interim or fractional executive wants to finish the project and move on to the next challenge.
Fractional Executives are major drivers of innovation. There are a number of reasons why an interim executive works with you to improve innovation and flexibility. Three main ones are:
Digital transformation and innovation are an area Fractional Executives s can help with substantially. For example, back when the photo industry changed from film to digital, major players got left behind. One such used Fractional Executives to help them understand how to move to digital, converting their stores, changing customer behavior, and increasing sales. He did this by helping store associates learn about how digital photography worked and how they could sell it better. He eventually chose to stay with the company and become a VP.
In another case, a company needed to migrate from a legacy IDMS system to the modern Oracle platform. However, while everyone knew how to use the IDMS system, few people had the deep knowledge to reformat and migrate the data. They brought in Fractional Executives to handle everything from writing code and reformating the files to helping people switch to the new software.
There are strong benefits to leveraging interim talent. They include:
Potential challenges, however, do exist, which include:
Fractional Executives fosters innovation by bringing in an outside viewpoint, less stuck in your company's ruts, and by allowing quick access to skills you might need for a project. It's worth exploring the use of Fractional Executives s as a strategy
With one phone call, email, or clicking a link schedule a time to speak with the MetaExperts™ sourcing expert. You are just minutes away from getting your improvement initiative started or re-energized.
©2021 All rights reserved, MetaOps, Inc.